Moran Wealth Management LLC Makes New Investment in Radian Group Inc. (NYSE:RDN)

Moran Wealth Management LLC bought a new position in Radian Group Inc. (NYSE:RDN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 76,394 shares of the insurance provider’s stock, valued at approximately $2,650,000.

A number of other large investors have also bought and sold shares of RDN. V Square Quantitative Management LLC acquired a new position in Radian Group in the third quarter worth $27,000. Fifth Third Bancorp grew its holdings in Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 1,160 shares during the last quarter. CWM LLC increased its position in Radian Group by 539.9% in the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 1,679 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Radian Group by 37.0% in the second quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 611 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Radian Group by 352.4% during the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 1,949 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RDN shares. Royal Bank of Canada boosted their price objective on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods upped their target price on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Roth Mkm boosted their price target on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Barclays raised their price objective on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and a consensus target price of $36.10.

Insider Buying and Selling at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the sale, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. The trade was a 15.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Eric Ray sold 53,791 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,955 shares of company stock valued at $4,130,140. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Trading Up 1.3 %

Shares of NYSE RDN opened at $34.02 on Friday. Radian Group Inc. has a twelve month low of $24.92 and a twelve month high of $37.86. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 1.70 and a beta of 1.04. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average is $34.44 and its 200-day moving average is $33.50.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. The firm had revenue of $319.05 million during the quarter, compared to analysts’ expectations of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. Equities research analysts predict that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.98 annualized dividend and a yield of 2.88%. Radian Group’s dividend payout ratio (DPR) is currently 25.39%.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.